Will they get away with sub-prime 2.0? This time, not by sucking the life from the living via real estate pumping and speculation, but from the dead via the life-insurance settlement casino. Will this be the next big wall street scam?
http://www.marketwatch.com/story/lif...act-2009-09-06
Step 1. Buy all the life-insurance settlements of city X
Step 2. Bomb city X
Step 3. Profit
Step 4. Go to hell
Somebody is going to hell for this... quite possibly literally.
Adeptus
http://www.marketwatch.com/story/lif...act-2009-09-06
Step 1. Buy all the life-insurance settlements of city X
Step 2. Bomb city X
Step 3. Profit
Step 4. Go to hell
Somebody is going to hell for this... quite possibly literally.
Adeptus